Taylor County Property Taxes
The median property tax rate in Taylor County is 0.59%, which is significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Taylor County being $85,250, the typical annual property tax bill is around $583, far below the national median of $2,690. Property taxes in Taylor County are calculated based on the tax assessed value, which usually falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Taylor County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Grafton or another part of Taylor County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Taylor County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$503
Ownwell’s Taylor County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Taylor County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Taylor County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Taylor County, West Virginia
Property taxes in Taylor County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Taylor County is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Taylor County set these rates annually, and they can vary significantly between different areas within the county. Each year, Taylor County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Taylor County's effective property tax rate with other counties and the national median. For comparison, the city of Simpson has one of the higher property tax rates in West Virginia at 1.19%, while the city of Independence boasts one of the lowest at 0.54%. Analyzing how Taylor County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Taylor County Tax Rate
0.59%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taylor County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bridgeport | 0.46% | 0.53% | 0.59% | 0.59% | 0.59% |
| Fairmont | N/A | N/A | N/A | N/A | N/A |
| Flemington | 0.33% | 0.52% | 0.59% | 0.74% | 1.19% |
| Grafton | 0.39% | 0.53% | 0.59% | 0.77% | 1.54% |
| Independence | 0.45% | 0.47% | 0.54% | 0.59% | 0.61% |
| Philippi | 0.59% | 0.59% | 0.59% | 0.59% | 0.60% |
| Rosemont | 0.59% | 0.59% | 0.59% | 1.19% | 1.19% |
| Shinnston | N/A | N/A | N/A | N/A | N/A |
| Simpson | 0.78% | 1.04% | 1.19% | 1.19% | 1.19% |
| Thornton | 0.37% | 0.53% | 0.59% | 0.59% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Taylor County, West Virginia
In Taylor County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Taylor County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Taylor County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Bridgeport has the highest median tax bill at $1,116, while Rosemont has the lowest at $131. Being aware of these valuation processes in Taylor County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Taylor County, West Virginia
Source: Ownwell
$18,300
$103,200
$188,100
Average Taylor County Assessed Value
$85,250
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Taylor County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bridgeport | $48,400 | $118,950 | $188,100 | $269,100 | $356,580 |
| Fairmont | N/A | N/A | N/A | N/A | N/A |
| Flemington | $11,450 | $38,400 | $72,550 | $194,175 | $331,450 |
| Grafton | $12,000 | $35,200 | $77,200 | $135,700 | $205,600 |
| Independence | $31,320 | $101,800 | $153,200 | $186,500 | $267,360 |
| Philippi | $40,500 | $95,600 | $108,850 | $170,550 | $176,870 |
| Rosemont | $3,300 | $7,500 | $18,300 | $65,100 | $204,000 |
| Shinnston | N/A | N/A | N/A | N/A | N/A |
| Simpson | $14,460 | $17,700 | $18,800 | $30,000 | $51,180 |
| Thornton | $6,740 | $34,000 | $83,600 | $141,300 | $215,160 |
Source: Ownwell
Property Tax Bills Across Taylor County, West Virginia
In Taylor County, WV, property tax bills are calculated by assessing the market value of a property and then applying the local tax rate to this assessed value. The assessed value is typically a percentage of the market value, which is determined by the county assessor. Several factors influence the final tax bill, including property location, size, and improvements. For instance, the median home price in Taylor County is $85,250. Homeowners in this region can expect their annual property tax bills to vary significantly, with the 25th percentile at $265 and the 75th percentile at $1,024. The highest median tax bill within the county is $1,116 in Bridgeport, while the lowest is $131 in Rosemont. These property taxes contribute to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Taylor County's tax rates provide a relatively affordable option for homeowners, impacting their overall cost of living and financial planning.
Average Taylor County Tax Bill
$583
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Taylor County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bridgeport | $317 | $675 | $1,116 | $1,593 | $2,114 |
| Fairmont | N/A | N/A | N/A | N/A | N/A |
| Flemington | $93 | $229 | $538 | $1,152 | $1,993 |
| Grafton | $107 | $264 | $542 | $892 | $1,336 |
| Independence | $217 | $583 | $754 | $1,124 | $1,614 |
| Philippi | $464 | $571 | $668 | $1,028 | $1,058 |
| Rosemont | $43 | $70 | $131 | $532 | $1,513 |
| Shinnston | N/A | N/A | N/A | N/A | N/A |
| Simpson | $156 | $172 | $195 | $351 | $606 |
| Thornton | $106 | $281 | $509 | $839 | $1,176 |
Source: Ownwell